The Department of Labor regulations that dictate which workers may be classified as exempt from overtime pay are likely to be updated in the near future due to a directive from President Obama. The President is especially interested in seeing the minimum salary...
Recent storms have been hammering various parts of the country, leaving thousands without power, even now as they continue to recover. These types of unforeseen disasters not only affect people’s personal lives, but they can also severely impact your business…if you...
There have been many tax changes for 2014. The following table provides some important federal tax information for 2014 (and 2013). Some of the dollar amounts change due to inflation. Other amounts are changing due to legislation. Please contact GTM with any questions...
Employers in thirteen (13) states will pay increased Federal Unemployment Tax (FUTA) retroactively for 2013, to repay state unemployment insurance loans due to the Federal Government. When state unemployment funds are depleted, as occurred in many states in recent...
Regardless of the federal government shutdown, the Internal Revenue Service is reminding taxpayers that the Oct. 15 deadline remains in effect for people who requested a six-month extension to file their tax return. The current lapse in federal appropriations does not...